Shift4 Payments, Inc. (NYSE:FOUR) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Shift4 Payments, Inc. has received a consensus rating of “Moderate Buy” from 22 brokerage analysts covering the stock, with an average price target of $114.37.
• In its latest quarterly earnings report, Shift4 Payments reported an EPS of $1.10, missing estimates, while its revenue increased by 28.9% year-over-year.
• Insider trading activity includes a significant acquisition by Chairman Jared Isaacman, who purchased 104,705 shares at $83.61 each, reflecting confidence in the company's future performance.

Shares of Shift4 Payments, Inc. (NYSE:FOUR - Get Free Report) have been given a consensus rating of "Moderate Buy" by the twenty-two brokerages that are currently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation, fourteen have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $114.3684.

FOUR has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft began coverage on shares of Shift4 Payments in a report on Thursday, July 17th. They issued a "buy" rating and a $120.00 target price on the stock. Truist Financial lifted their price target on shares of Shift4 Payments from $97.00 to $109.00 and gave the stock a "hold" rating in a research report on Thursday, July 17th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Shift4 Payments in a research report on Saturday, September 27th. Raymond James Financial reissued a "strong-buy" rating and set a $140.00 price objective (up from $130.00) on shares of Shift4 Payments in a research note on Friday, August 1st. Finally, Keefe, Bruyette & Woods decreased their target price on Shift4 Payments from $100.00 to $90.00 and set a "market perform" rating on the stock in a report on Wednesday, October 1st.

Shift4 Payments Trading Up 2.4%

Shares of FOUR stock opened at $78.68 on Tuesday. The stock has a 50-day simple moving average of $87.60 and a 200 day simple moving average of $89.42. The stock has a market capitalization of $6.96 billion, a P/E ratio of 29.14, a P/E/G ratio of 0.76 and a beta of 1.69. Shift4 Payments has a fifty-two week low of $68.09 and a fifty-two week high of $127.50. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 2.99.

Shift4 Payments (NYSE:FOUR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.10). Shift4 Payments had a return on equity of 37.05% and a net margin of 6.11%.The business had revenue of $413.40 million during the quarter, compared to the consensus estimate of $967.84 million. During the same quarter last year, the firm posted $0.96 earnings per share. Shift4 Payments's revenue was up 28.9% compared to the same quarter last year. On average, sell-side analysts expect that Shift4 Payments will post 3.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Shift4 Payments news, insider James J. Whalen sold 794 shares of the business's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $89.89, for a total transaction of $71,372.66. Following the sale, the insider owned 56,324 shares in the company, valued at approximately $5,062,964.36. The trade was a 1.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Jared Isaacman acquired 104,705 shares of Shift4 Payments stock in a transaction on Monday, August 11th. The shares were purchased at an average cost of $83.61 per share, with a total value of $8,754,385.05. Following the completion of the purchase, the chairman directly owned 939,715 shares of the company's stock, valued at approximately $78,569,571.15. This represents a 12.54% increase in their position. The disclosure for this purchase can be found here. 25.15% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Shift4 Payments

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Durable Capital Partners LP raised its stake in Shift4 Payments by 12.6% during the 2nd quarter. Durable Capital Partners LP now owns 6,665,443 shares of the company's stock valued at $660,612,000 after purchasing an additional 745,650 shares during the period. Wasatch Advisors LP boosted its position in shares of Shift4 Payments by 16.4% in the second quarter. Wasatch Advisors LP now owns 6,338,567 shares of the company's stock worth $628,215,000 after buying an additional 890,990 shares during the period. Darlington Partners Capital Management LP boosted its position in shares of Shift4 Payments by 4.2% in the second quarter. Darlington Partners Capital Management LP now owns 4,966,405 shares of the company's stock worth $492,220,000 after buying an additional 200,000 shares during the period. Jennison Associates LLC grew its holdings in shares of Shift4 Payments by 2.6% during the second quarter. Jennison Associates LLC now owns 1,636,924 shares of the company's stock valued at $162,236,000 after buying an additional 41,548 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in Shift4 Payments by 16.6% during the second quarter. Alliancebernstein L.P. now owns 1,505,933 shares of the company's stock valued at $149,253,000 after buying an additional 214,627 shares during the period. Institutional investors and hedge funds own 98.87% of the company's stock.

About Shift4 Payments

Shift4 Payments, Inc (NYSE FOUR) provides integrated payment processing and technology solutions in the United States. Its payments platform provides omni-channel card acceptance and processing solutions, including end-to-end payment processing for various payment types; merchant acquiring; proprietary omni-channel gateway; complementary software integrations; integrated and mobile point-of-sale (POS) solutions; security and risk management solutions; and reporting and analytical tools, as well as tokenization, risk management/underwriting, payment device and chargeback management, fraud prevention, and gift card solutions.

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